May 4, 2025

Trump’s First 100 Days Shake Markets, Boost Gold Amid Tariff Turmoil 📉

President Donald Trump’s first 100 days in office have left Wall Street rattled, with his volatile approach to tariffs triggering global market instability—even as gold shines as the standout winner.

🔹 What’s Going On:

  • Tariff threats targeted both allies and rivals
  • Market volatility persists despite late-April rebound
  • Most assets fell—except gold

🔹 Market Outlook: Michael Kantrowitz of Piper Sandler said:

“The primary driver of equities right now is all these headlines coming out of Washington.”

🔹 Gold Shines: Gold surged as investors sought safety from policy uncertainty. HSBC’s James Steel noted:

“It’s not whether the policy is good or bad—it’s the lack of clarity that supports gold.”🔹 What’s Next: Analysts predict more headline-driven volatility in the coming months, especially as tariffs remain center stage and tax policy negotiations lag behind.

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